debt
confidence high
sentiment neutral
materiality 0.50
KLX Energy Services exchanges $8.75M in 11.5% notes for 542,567 common shares
KLX Energy Services Holdings, Inc.
- $8.75M aggregate principal of 11.5% senior secured notes due 2025 exchanged for 542,567 shares of common stock.
- Exchanges occurred Nov 11 to Dec 30, 2022 with certain noteholders under Section 3(a)(9) exemption.
- After these and prior 2022 exchanges, approximately $237.25M principal of notes remains outstanding.